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Production costs (including USD 30,000 of fixed costs) are budgeted at USD 150,000 for an expected output of 100,000 units. Actual output was 90,000 units,
Production costs (including USD 30,000 of fixed costs) are budgeted at USD 150,000 for an expected output of 100,000 units. Actual output was 90,000 units, while actual costs were USD 142,500. What is the budget variance and is it favorable or unfavorable? a. USD 5,500 unfavorable. b. USD 6,500 favorable. c. USD 6,500 unfavorable. d. USD 4,500 unfavorable
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Understanding Econometrics With Economic Applications
Authors: Dennis Halcoussis
1st Edition
0030348064, 9780030348068
